The End of Economic Growth as We Know It

Not much in the markets to draw our attention. Other than another pronouncement by the Fed that it will remain ‘highly accommodative’ for the so-called ‘foreseeable future’.

Then whither our thoughts? How about to the end of the world as we know it? This from The Wall Street Journal:

‘That HSBC group chief economist Stephen King shares a name with a famous writer of scary stories is a coincidence that he may tire of hearing.

‘But it’s fair to say that with his latest book, When the Money Runs Out: The End of Western Affluence, he is dabbling in the financial equivalent of the horror genre. Perhaps even scarier, his is the stuff of nonfiction.